home buyers downpayment closing costs monthly payment: Homebuyers: compare cash outlay/monthly payment, not just list price
- 01/23/14 04:37 AM
When home buyers are timid about writing a stronger offer, it’s almost always about price. Should they walk away? Perhaps they should take a closer look at the numbers especially if they really like the house . It helps to illustrate what the differences are in terms of total cash outlay and monthly payments. This illustrates a 10% down payment 4.5% interest rate for a conventional 30-year mortgage in Oakland CA, which was featured in 2013 by CNNMoney as one of the 5 best markets to sell a home and by Huffington Post as one
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